The latest Investing Matters Podcast episode featuring Alex Schlich, founder and managing director of Yellowstone Advisory, has just been released. Listen here.
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From RNS :
"Once all the PGM assays have been completed, this data will be used for re-estimation and re-classification providing additional upside for the next NKT MRE update."
" In order to further upgrade the resource Eurasia has engaged with SGS and Alex Stewart International for primary and secondary controls of the PGM assays on the historical drill core and the trenches by Severonickel / Norilsk Nickel as well as on the additional confirmatory drilling just done by Eurasia on NKT."
Bring it Home !
That's what people need to realise the MKT CAP will re-rate just on JORC figures - and we know there is going to be an improvement - hence the need for the placing !
Q1: Why is the company seeking further authority, given a large fundraising has just been undertaken?
It would be quite unusual to not seek authority and these resolutions are put to shareholders at every AGM. The Board considers the Company very well-funded and does not currently have specific intentions for a further fundraising, however, the Board asks that its members make that option available,
FOR EXAMPLE, IN CASE THE ROSGEO JOINT VENTURE DEVELOPMENT THIS YEAR RESULTS IN PROVING A RESOURCE HIGHER THAN ALREADY RELEASED (104.6MOZ PT EQ)
AND only if further funding will add value to Eurasia taking into account the implications of shareholder dilution, which the Board and management prefer to limit, being collectively the largest shareholders in Eurasia Mining.
HOLDING LONG AND STRONG !
GLA
Looks like MM’s and Disruptors are aligned…….bring on noise -shake weak holders and then go about filling orders !
Deception at its finest !
However us LTH ‘s seen it all before - just gives us opportunity to add more - play them at their own game !